Thursday Briefing: From DXY, Gold to Russia – Ukraine Conflicts; June 09, 2022

US Dollar Index Overview

  • The DXY enjoys roller coaster movement and stabilizes back below 102.50 mark.
  • The intraday high is 102.66 and low at 102.26 mark.
  • A day Chart is up and H1 chart with triple EMA suggests down trend for the time being.
  • Immediate hurdles are seen at 102.62 to 102.30 mark.
  • A sustained close of either side on H1 chart requires for the further directions of the U.S. dollar.

Technical View:

XAU/USD (Gold):

  • Gold weakens sharply on Thursday and touches $1,844 mark.
  • The pair made intraday high at $1,855 and Low at $1,844 mark.
  • A day chart and H1 chart with triple EMA suggest down trend for the time being.
  • A sustained close above $1,858 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $1,842 on H1 chart will test further supports.
SUPPORTS RESISTANCES
$1,842 $1,858
$1,836 $1,862
$1,820 $1,878
$1,831 $1,868
$1,826 $1,874
$1,820 $1,878

 

Take a look and do trade wisely!
Good Luck